6.85% Can Fin Homes Limited - AA Rated (INE477A07340)

Can Fin Homes Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE477A07340, with a face value of ₹10,00,000 rs on 30Mar22 to raise 400 crores. The debt instrument is issued with a coupon rate of 6.85% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 6.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 30/06/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 04Apr22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 16Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.